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Turnaround investment firm Sun Capital Partners is in London’s High Court pursuing a multimillion-pound claim against law firm Hammonds – now part of Squire Patton Boggs – over advice relating to the purchase of a portfolio company.

A former trader at Dutch lender Rabobank pleaded guilty on Monday in federal court to conspiring to rig a key lending benchmark that underpins interest rates on trillions of dollars of financial contracts, from corporate debt to home mortgages.